Guideline Value for K.C.Daga Nagar

K.C.Daga Nagar guideline value

The current guideline value of K.C.Daga Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village under the Ambattur SRO, and the land classification is Residential Special Type - II.

How the guideline value of K.C.Daga Nagar has changed

The guideline value of K.C.Daga Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,600 per sq.ft in the 2023 revision, and currently stands at Rs 1,700 per sq.ft as per the 2024 revision, marking a 6% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, making K.C.Daga Nagar's 2024 figure of Rs 1,700 per sq.ft above the median.

• K.C.Daga Nagar Extn - I: Rs 1,700 per sq.ft (2024)
• KCC Garden: Rs 3,300 per sq.ft (2024)
• K C Daga Nagar Extn - II: Rs 2,700 per sq.ft (2024)
• Kaveri street(Sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Kaveri Cross Street(sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• kasilingam Cross Street (Iyappan nagar etxn.): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in K.C.Daga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers K.C.Daga Nagar?

K.C.Daga Nagar falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ayappakkam

The guideline value is a crucial factor when it comes to property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of K.C.Daga Nagar?

The current guideline value of K.C.Daga Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and is currently Rs 1,700 per sq.ft in 2024.

What is the land classification for K.C.Daga Nagar?

The land classification for K.C.Daga Nagar is Residential Special Type - II.

Where can I find the registration office for K.C.Daga Nagar?

The registration office for K.C.Daga Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in K.C.Daga Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 17,00,000, the stamp duty at 7% would be Rs 1,19,000.